EWG Elevate Inc. Sells 440 Shares of SPDR Gold Shares (NYSEARCA:GLD)

EWG Elevate Inc. decreased its stake in SPDR Gold Shares (NYSEARCA:GLD – Get Rating) by 0.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 75,990 shares of the exchange traded fund’s stock after selling 440 shares during the period. SPDR Gold Shares accounts for approximately 6.5% of EWG Elevate Inc.’s holdings, making the stock its 3rd largest position. EWG Elevate Inc.’s holdings in SPDR Gold Shares were worth $12,891,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of GLD. Thomasville National Bank boosted its position in shares of SPDR Gold Shares by 1.8% during the fourth quarter. Thomasville National Bank now owns 3,296 shares of the exchange traded fund’s stock worth $559,000 after buying an additional 59 shares during the period. Meridian Wealth Partners LLC boosted its position in shares of SPDR Gold Shares by 3.3% during the first quarter. Meridian Wealth Partners LLC now owns 1,904 shares of the exchange traded fund’s stock worth $344,000 after buying an additional 60 shares during the period. Jarislowsky Fraser Ltd boosted its position in shares of SPDR Gold Shares by 1.4% during the third quarter. Jarislowsky Fraser Ltd now owns 4,787 shares of the exchange traded fund’s stock worth $740,000 after buying an additional 65 shares during the period. Brick & Kyle Associates boosted its position in shares of SPDR Gold Shares by 1.7% during the third quarter. Brick & Kyle Associates now owns 3,910 shares of the exchange traded fund’s stock worth $605,000 after buying an additional 65 shares during the period. Finally, Capital Advisory Group Advisory Services LLC boosted its position in SPDR Gold Shares by 0.4% during the second quarter. Capital Advisory Group Advisory Services LLC now owns 18,571 shares of the exchange traded fund’s stock valued at $3,183,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 37.94% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD traded up $5.20 during trading hours on Friday, hitting $183.77. 24,156,266 shares of the company traded hands, compared to its average volume of 7,078,172. The business’s 50-day moving average is $174.78 and its 200-day moving average is $165.55. SPDR Gold Shares has a twelve month low of $150.57 and a twelve month high of $186.10.

SPDR Gold Shares Profile

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SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).